Warner Bros. Discovery, Inc. (NASDAQ:WBD) Shares Sold by Auxier Asset Management

Auxier Asset Management lessened its holdings in Warner Bros. Discovery, Inc. (NASDAQ:WBD - Free Report) by 45.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 76,693 shares of the company's stock after selling 65,143 shares during the period. Auxier Asset Management's holdings in Warner Bros. Discovery were worth $811,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Simon Quick Advisors LLC acquired a new stake in Warner Bros. Discovery in the fourth quarter valued at approximately $137,000. Nisa Investment Advisors LLC increased its position in shares of Warner Bros. Discovery by 8.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 159,767 shares of the company's stock valued at $1,689,000 after purchasing an additional 12,910 shares during the last quarter. Brighton Jones LLC raised its holdings in shares of Warner Bros. Discovery by 304.9% in the 4th quarter. Brighton Jones LLC now owns 68,950 shares of the company's stock valued at $729,000 after purchasing an additional 51,920 shares in the last quarter. Cornerstone Wealth Management LLC raised its holdings in shares of Warner Bros. Discovery by 7.4% in the 4th quarter. Cornerstone Wealth Management LLC now owns 15,995 shares of the company's stock valued at $169,000 after purchasing an additional 1,101 shares in the last quarter. Finally, CX Institutional lifted its position in shares of Warner Bros. Discovery by 16.6% during the 4th quarter. CX Institutional now owns 25,859 shares of the company's stock worth $273,000 after purchasing an additional 3,690 shares during the last quarter. Institutional investors and hedge funds own 59.95% of the company's stock.

Warner Bros. Discovery Stock Performance

WBD traded up $0.55 during trading on Tuesday, reaching $9.55. The company's stock had a trading volume of 31,685,496 shares, compared to its average volume of 33,285,396. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. The company's fifty day moving average price is $9.00 and its 200-day moving average price is $9.92. Warner Bros. Discovery, Inc. has a 52-week low of $6.64 and a 52-week high of $12.70. The company has a market capitalization of $23.44 billion, a price-to-earnings ratio of -2.09, a price-to-earnings-growth ratio of 8.64 and a beta of 1.46.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.06). Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. The business had revenue of $8.98 billion for the quarter, compared to analyst estimates of $9.66 billion. During the same period in the prior year, the company earned ($0.40) EPS. The company's revenue was down 9.8% on a year-over-year basis. On average, equities analysts forecast that Warner Bros. Discovery, Inc. will post -4.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

WBD has been the topic of a number of recent analyst reports. Morgan Stanley dropped their price objective on Warner Bros. Discovery from $12.00 to $10.00 and set an "equal weight" rating on the stock in a report on Tuesday, May 6th. Barrington Research reissued an "outperform" rating and set a $16.00 price objective on shares of Warner Bros. Discovery in a report on Tuesday, May 13th. Citigroup upped their target price on Warner Bros. Discovery from $13.00 to $15.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Barclays raised their price target on Warner Bros. Discovery from $7.00 to $9.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. Finally, Benchmark reiterated a "buy" rating and issued a $18.00 price objective on shares of Warner Bros. Discovery in a research note on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, Warner Bros. Discovery has a consensus rating of "Moderate Buy" and an average target price of $12.22.

Insider Transactions at Warner Bros. Discovery

In other news, Director Piazza Samuel A. Jr. Di purchased 17,346 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was acquired at an average price of $11.41 per share, with a total value of $197,917.86. Following the purchase, the director now directly owns 159,932 shares of the company's stock, valued at $1,824,824.12. This represents a 12.17% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.90% of the company's stock.

Warner Bros. Discovery Profile

Warner Bros. Discovery, Inc operates as a media and entertainment company worldwide. It operates through three segments: Studios, Network, and DTC. The Studios segment produces and releases feature films for initial exhibition in theaters; produces and licenses television programs to its networks and third parties and direct-to-consumer services; distributes films and television programs to various third parties and internal television; and offers streaming services and distribution through the home entertainment market, themed experience licensing, and interactive gaming.